Collector's Guide

You probably have been wondering whether you are doing the right moves when deciding to purchase a print. Following are some important points assembled by a long time art dealer as well as by us, looking back at some thirty years of collecting Daumier lithographs. We surely have not covered everything; such a guide can hardly ever be considered as being comprehensive. In case you still should need more information, please contact us via e-mail and we will be more than happy to advise you.

Introduction

"People buy prints and drawings for the same reasons they buy any works of art: for love, for investment, for decoration, for showing off, for the pleasure of collecting something interesting. Original prints, and to a lesser extent drawings, allow one to collect works of many of the greatest artists of history, something no longer possible with paintings or sculpture. You cannot collect Rembrandt paintings today. You can collect Rembrandt drawings only if you are a multimillionaire. But you can collect Rembrandt etchings. They may not be dirt cheap and some may be quite expensive, but they are available. An amount in four figures will buy a good Rembrandt etching; five figures will buy a very fine one.

Posthumous impressions are (and should be) a good deal cheaper. Similarly, you can also buy original DĂĽrers, DAUMIERS, Altdorfers, Ostades, Castigliones, Bouchers, Goyas, Ruysdaels, Fragonards, Manets, Whistlers, Gericaults, Picassos and Pissarros among a host of others, something that would range from horrendously expensive to plainly impossible in paintings.

How do I know it's authentic?

"If you have the expertise, you know; if you do not have the expertise, you will want to consult and buy from someone who does. Reputable dealers will guarantee the authenticity of anything they sell. That is, they will refund your money and apologize if it can be shown that what they sold you is not what they said they sold you. Major auction houses will also guarantee authenticity within the limitations listed in detail in the disclaimers in their catalogues. In general, all guarantees are based on present scholarly opinion. Should that opinion change sometime in the future, the dealer or the auction house cannot be held responsible. Lesser auction houses will usually only guarantee the medium. If you buy a "Rembrandt etching" from one and it turns out not to be an etching, you get your money back; if it turns out to be an etching but not by Rembrandt, you don't. In buying from any other source, any guarantee of authenticity is something to be worked out between buyer and seller and, preferably, put in writing. You should always be clear on what degree of authenticity is being guaranteed. The authenticity of a print is usually a clear-cut matter, although a posthumous reprint does not have the value of an early impression. But a drawing by Tintoretto is not the same thing as a drawing "attributed to Tintoretto" or a drawing of the "circle of Tintoretto." The distinction is a matter of judgment, and since judgments, even on the same drawing, vary, you should be aware of which judgment you are buying." (Goodfriend)

With the development of the Internet new sources of supply have opened up. It is now possible to buy Daumiers from another collector quite inexpensively without going through the established channels of trade. As a rule of thumb you can be sure that a Daumier print from the CHARIVARI with the text au verso will always be an â€śoriginalâ€ť, and not a reprint. The situation is quite different for the far more expensive Daumier prints on white paper (without text au verso) offered in internet auctions. A great number of those prints are being posted as â€śoriginalsâ€ť, although they have been printed only recently. In such cases it is usually advisable BEFORE BIDDING to look into our site depicting â€śDaumier Imitationsâ€ť or even ask us for a quick and inexpensive expertise.

How do I know that the price is right?

"Apart from contemporary published editions, there is no "list price" for prints and certainly none for drawings. The right price, therefore, is simply one that is agreeable to both buyer and seller. A dealer usually sets a price based on what he thinks is fair market value. Different dealers may have different thoughts on the matter, although the variation is frequently less than you might think. Other factors, though, may come into play: the dealer's actual cost, whether he likes the print or not, whether he has two or more of them, whether he knows he has another customer for it, etc. Auction house estimates are based on prior sales, but may be pegged high or low as a psychological selling tool. Obviously, one wants to buy a print or drawing for the lowest possible price. Experienced collectors will tell you, however, that their only real regrets are the things they didn't buy because they thought the price was a bit too high.â€ť (Goodfriend)

Can I negotiate a better price?

"You can try. Some dealers are open to it, some aren't. Some are amenable on some items but not on others. If you feel that negotiation is necessary (meaning that you want the item in question but would not buy it at the asking price), be quietly discrete about it. "Is there any way you would consider a lower price for it?" is better than "How much to me?" But be prepared to be ignored or shown the door if the dealer has an antipathy to such things. In an auction house, of course, you don't negotiate anything. You pay more than anyone else bidding is willing to pay or you go without." (Goodfriend)

Is it a good investment?

"People who try to sell you art as an investment are not in the art business but in the investment business. As such, their knowledge of the artistic quality of what they sell is liable to be limited and that in itself will probably make whatever it is a poor investment. Most dealers in prints and drawings, however, are at least aware (how could they not be?) of the investment factor of a work of art. No respectable dealer will offer a "hot tip" because if he or she really believed it, the item would be safely tucked away until the value went up (unlike common stocks, the supply of art is limited). But dealers will often give you their informed opinion as to whether the item in question is the sort of thing that tends to appreciate or not.

There are very few fixed rules, but one might be that the best tends to do best." (Goodfriend)

Am I getting a bargain?

"Bargains occur when the buyer and seller have drastically different ideas of the value of an item. The identical scenario also produces disastrous purchases. Beware of people you have never met before offering you bargains. Why you? Beware of any situation in which your idea of the value of an object is far greater than the seller's. You may know something he does not. On the other hand, he's lived with it and is liable to know something you don't. Bargains sometimes come as the result of blind luck but much more often as the result of knowledge. The best bargain getters are connoisseurs who can recognize quality without regard to names, fashion or price histories. For anyone less well equipped, the best bargain, more often than not, is the right print or drawing at the going price.â€ť (Goodfriend)

What about stolen goods?

"No one in his right mind wants to buy stolen goods, not least because in American law title never changes hands; the object still legally belongs to the person or institution from whom it was stolen (in Europe, if the item is sold at a public sale or otherwise offered publicly, title may go to the purchaser). Nevertheless, stolen items do find their way onto the market, sometimes through the hands of respectable dealers who have no way of knowing the item was stolen. Should you be unlucky enough to buy such a thing it must be returned to its rightful owner through the dealer, who will refund your money and will frequently take on the financial loss. Reputable auction houses will act similarly." (Goodfriend)

What if I don't know about prints or drawings?

"Much as it may surprise some people, everyone is a beginner sometime. Most dealers are aware of this and are prepared to give of their time and knowledge to anyone who displays more than just an idle curiosity. If you don't know, ask. Ask us if you like, but ask somebody. No dealer will consider you stupid for asking. On the contrary, the dealer will probably admire your perspicacity in choosing him or her to answer your questions. Print fairs, for example, are more than just a lot of prints and drawings for sale; they are assemblages of knowledge and experience virtually on tap and, if you've paid your way in, you are foolish not to take advantage of ehat is available." (Goodfriend)

The other way to be informed is to check out the Internet and feel your way around discussion groups covering prints in general. If possible, you should purchase a work catalogue of the master. In the case of Daumier this has been quite an expense, because of the number of prints (4â€™000) which had to be photographed. Presently, the original catalogue of Daumierâ€™s lithographs by L. Delteil will costs 2â€™000-4â€™000 $ depending on its condition. A reprint from the 1960s will also be around 1â€™000-1â€™500$.

How many of them were made?

"This is a vital question to ask about twentieth-century prints, a reasonable one to ask about nineteenth-century prints, and a generally unanswerable and meaningless one to ask about anything earlier. With rare exceptions, artists only began to keep track of the number of impressions printed in the nineteenth century.

Before that, the edition was limited naturally by the deterioration of the matrix from which it was printed, so the first and last impressions off the plate look very different indeed. A more useful question about earlier prints might be, "How many of them are still around?", but you shouldn't be terribly surprised if you can't always get an answer to that question either. The really important question to ask about earlier prints (and many nineteenth-century ones too) is "How good is the quality?" (Goodfriend)

In the case of Daumier the questions is also not so easy to answer. For details please have a look at the GLOSSARY section of this website.

How good is the quality?

"Quality, first, refers to the image itself. Is it one of the artist's better works or one of his poorer ones? Is it really well done (or is it really weak), no matter who did it? In prints, quality also refers to the fineness of the impression and the physical condition of the paper, really a way of estimating how close the particular impression comes to the way the artist wanted it to look, or at least the best the artist was able to make it look. In older prints, the earlier the impression, the better the condition of the plate, hence, all other things being equal, the better the impression quality. Condition is virtually self-explanatory; an undamaged print is better than a damaged one; a small damage is acceptable (particularly on old prints)

whereas a large damage generally is not." (Goodfriend)

In the case of Daumier prints from the newspaper CHARIVARI as well as sur blanc, you will often find serious foxing problems. We feel that foxing is a problem one has to live with, just like with aging in general. There are however specialists who can treat foxing with a chemical solution and make the stains disappear. The prints do come out very clean and white. You will need to consider the price for the treatment in relation to the value of the print, as well as the esthetic aspects.

What should I collect?

"Collect what interests you and pleases you and is within your means. Only you know what you like and any dealer can advise you as to what it's likely to cost. If you find yourself fascinated by a particular kind of print or drawing, specialize. If not, then don't. Nothing is served by building an extensive collection of something that bores you. A generalized collection may make less sense to an outsider than a specialized one, but it will make sense to you and it will give you pleasure for years to come.â€ť (Goodfriend)

In the case of Daumier you will have a vast choice ahead of you. If you enjoy caricature you can chose between 4â€™000 lithographs touching all aspects of life. It will be a difficult decision since the choice is so immense. Our advice: Follow your feeling and if a print touches you or makes you smile, you are on the right track.